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FTSE 100 slips below 7000 but Wall Street set for strong start after GDP data and Apple and Facebook results
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FTSE 100 slips below 7000 but Wall Street set for strong start after GDP data and Apple and Facebook results
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Argo Blockchain PLC, 88 Energy and Tesla Inc among most popular UK shares in March
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Income tax, pensions lifetime allowance, IHT and CGT all hit by the move
Chancellor of the Exchequer Rishi Sunak has unveiled the UK’s budget for 2021-22.
But Sunak was more gentle in his approach to paying off the country’s covid-19 debt – currently at around £407bn ($566bn, €470bn).
Some personal tax thresholds will increase according to CPI rates for the 2021-22 financial year and then be frozen until April 2026, while others will remain at their current rates for the next five years.
“This budget is not the time to set detailed fiscal rules,” Sunak said while presenting the plans to the house of commons.
Budget 2021: UK freezes personal tax thresholds until 2026
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